Title Defect Adjustments. (a) No adjustment to the Purchase Price for Title Defects shall be made unless and until, and only to the extent that the individual value of each Title Defect exceeds $25,000.00 or the aggregate value of all Title Defects exceeds one percent (1%) of the Purchase Price.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Exco Resources Inc), Purchase and Sale Agreement (Venus Exploration Inc)
Title Defect Adjustments. (a) No adjustment to the Purchase Price for Title Defects shall be made unless and until, and only to the extent that the individual value of each Title Defect exceeds $25,000.00 25,000 net to Seller's Working Interest in the Well or Lease affected by the Title Defect or exceeds $75,000 in the aggregate value of for all such Title Defects exceeds one percent (1%) of the Purchase Pricein all Xxxxx or Leases.
Appears in 1 contract
Title Defect Adjustments. (a) No adjustment to the Purchase Price for Title Defects shall be made unless and until, and only to the extent that the individual value of each Title Defect exceeds $25,000.00 25,000 net to Seller’s Working Interest in the Well or Lease affected by the Title Defect or exceeds $75,000 in the aggregate value of for all such Title Defects exceeds one percent (1%) of the Purchase Pricein all Xxxxx or Leases.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Republic Resources Inc /Co/)
